Deeds on 2 names, but mortgage in 1 name

rtidrtid

Hi All


I am trying to understand if its possible to get a mortgage application under a single persons name, when the deeds are in 2 names?


The two names are my sister inlaw and mother inlaw.


The property is a buy to let with a mortgage value of £128,000. The property is worth £220,000. My sister inlaw has a wage of approx. £50k


For simplicity we'd like to do the mortgage in just her name.


Does anyone know if that would cause a problem?

kingstreet

This is a non-starter for all lenders but one.

Some lenders allow more borrowers than owners, but only one will allow more owners than borrowers.

It's HSBC. I see no point in witholding this information. I have no idea if they will lend to you, so this is not intended as advice or a recommendation.

Socksey

Hi...
Yes, I had this with HSBC in the past.... my house was in my and my husbands (not married at the time)... and I've had two mortgages with them on different houses in my name alone....
Only problem is that their affordability criteria are really stringent and it's really hard to get a mortgage from them now...